SHORT-TERM BORROWINGS
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12 Months Ended | |
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Dec. 31, 2013
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Short-term Debt [Abstract] | ||
Short-term Debt [Text Block] | 10. SHORT-TERM BORROWINGSAt December 31, 2013, the Company had a $60 million unsecured revolving line of credit with a bank expiring November 5, 2014. The line of credit bears interest at LIBOR plus 0.75%. At December 31, 2013, outstanding borrowings were $12 million at an interest rate of approximately 0.9%. The highest balance during the year was $45 million. At December 31, 2012, outstanding borrowings were $45 million at an interest rate of approximately 1.2%. |